Asia stocks mixed, oil prices surgeAsian shares were steady today as investors took stock of recent data suggesting global growth may be stabilising, while oil prices spiked on a report the US is likely to ask all importers of Iranian oil to end their purchases or face sanctions. Brent futures rallied to a five-month high, after the Washington Post said U.S. Secretary of State Mike Pompeo will announce "that as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian crude or condensate." The potential disruption to Iranian supplies are expected to add to an already tight oil market.

Source: Mint April 22, 2019 03:44 UTC